Argan, Inc. (NYSE:AGX - Get Free Report) Director Alexander Lisa Larroque sold 350 shares of the company's stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $630.58, for a total transaction of $220,703.00. Following the completion of the sale, the director directly owned 350 shares of the company's stock, valued at $220,703. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Argan Stock Performance
Shares of AGX opened at $672.07 on Friday. The company has a 50 day moving average price of $527.67 and a 200-day moving average price of $404.99. Argan, Inc. has a fifty-two week low of $155.65 and a fifty-two week high of $683.12. The stock has a market capitalization of $9.38 billion, a PE ratio of 69.00 and a beta of 0.46.
Argan (NYSE:AGX - Get Free Report) last announced its quarterly earnings results on Thursday, March 26th. The construction company reported $3.47 earnings per share for the quarter, topping the consensus estimate of $1.99 by $1.48. Argan had a net margin of 14.59% and a return on equity of 33.62%. The firm had revenue of $262.05 million during the quarter, compared to analysts' expectations of $255.32 million. During the same quarter in the prior year, the company earned $2.22 EPS. The company's revenue was up 12.7% compared to the same quarter last year. Equities research analysts forecast that Argan, Inc. will post 11.44 EPS for the current year.
Argan announced that its board has approved a share buyback plan on Wednesday, April 8th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the construction company to reacquire up to 2.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's leadership believes its stock is undervalued.
Argan Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Wednesday, April 22nd were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, April 22nd. This represents a $2.00 dividend on an annualized basis and a yield of 0.3%. Argan's dividend payout ratio is presently 20.53%.
Argan News Roundup
Here are the key news stories impacting Argan this week:
- Positive Sentiment: Quarterly results beat expectations: Argan reported $3.47 EPS and $262.1M revenue (revenue +12.7% y/y), topping consensus and showing margin strength — a core reason investors are bullish. MarketBeat AGX Company PageSource
- Positive Sentiment: Shareholder returns initiatives: the board approved a $200M buyback program (≈2.5% of shares) and the company is paying a $0.50 quarterly dividend — signals management confidence that support the rally. MarketBeat Buyback/DividendSource
- Positive Sentiment: Analyst upgrades and higher targets: several firms raised price targets and at least one upgraded to Buy, adding institutional momentum behind the stock. MarketBeat Analyst NotesSource
- Positive Sentiment: Institutional buying: multiple funds (Millennium, UBS AM, Intech, NewEdge) added to positions in Q1, indicating continued institutional interest. MarketBeat Institutional HoldingsSource
- Neutral Sentiment: ESG disclosure: an ESG report was published (highlights progress toward 2030 goals); relevant for long‑term positioning but unlikely to move the stock materially in the short term. 2026 ESG ReportSource
- Negative Sentiment: Large insider selling over the past week: multiple directors sold sizeable stakes (examples: John Ronald Jr. Jeffrey sold 2,698 shares, Peter Getsinger sold 3,000 shares, William Leimkuhler sold 5,800 shares total across filings, Alexander Larroque sold 350 shares) — collectively millions of dollars and large percentage reductions in some insider holdings, which can create near‑term downward pressure or signal liquidity-taking. Insider Trades AlertSource
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. Emerald Mutual Fund Advisers Trust acquired a new position in Argan during the 3rd quarter valued at approximately $14,138,000. Thames Capital Management LLC acquired a new position in Argan during the 3rd quarter valued at approximately $11,175,000. Versor Investments LP acquired a new position in Argan during the 3rd quarter valued at approximately $971,000. Leavell Investment Management Inc. increased its stake in Argan by 125.3% during the 3rd quarter. Leavell Investment Management Inc. now owns 12,505 shares of the construction company's stock valued at $3,377,000 after purchasing an additional 6,955 shares in the last quarter. Finally, TD Asset Management Inc acquired a new position in Argan during the 3rd quarter valued at approximately $35,629,000. Institutional investors and hedge funds own 79.43% of the company's stock.
Wall Street Analysts Forecast Growth
AGX has been the subject of a number of analyst reports. Freedom Capital raised shares of Argan to a "hold" rating in a research report on Tuesday, March 10th. Wall Street Zen raised shares of Argan from a "hold" rating to a "buy" rating in a research report on Saturday, March 28th. Lake Street Capital increased their target price on shares of Argan from $325.00 to $375.00 and gave the company a "hold" rating in a research report on Friday, March 27th. Weiss Ratings reissued a "buy (b)" rating on shares of Argan in a research report on Monday, April 6th. Finally, The Goldman Sachs Group increased their target price on shares of Argan from $399.00 to $518.00 and gave the company a "buy" rating in a research report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $425.40.
Get Our Latest Stock Analysis on Argan
About Argan
(
Get Free Report)
Argan, Inc (NYSE: AGX) is a holding company that provides professional technical and management services to the power generation and renewable energy industries. Through its wholly owned subsidiaries, the company delivers engineering, procurement and construction management (EPCM), commissioning and operations and maintenance (O&M) services for a broad range of energy facilities. Argan focuses on projects for utility, industrial and municipally owned clients, helping to bring efficient thermal and renewable energy plants into operation and maintain optimal performance over the asset life cycle.
The company's principal subsidiaries include Gemma Power Systems, which specializes in turnkey construction of combined-cycle, simple-cycle, cogeneration and renewable energy plants; Atlantic Projects Company, which provides electrical balance-of-plant, control systems, instrumentation and commissioning services; and Infrastructure Solutions, which offers industrial maintenance, outage support and modification services.
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